Seemingly unfazed, Wipro said, “To date, Wipro’s revenue from World Bank is insignificant. Our inability to get future business from World Bank will not adversely affect our business and results of operations.” Megasoft too said that the debarment will not have any revenue implication for the company.

Non-IT vendors Nestor Pharma and Gap International and an individual Surendra Singh were the other Indian entities to have faced debarment action by the World Bank. In the list of “ineligible” firms released by the bank, over a 100 companies or individuals — some of Indian origin — have been barred temporarily or life. The list includes Gurpreet Singh Malik, Vikram Deepak Gursahaney, Kamal Sharda and Sharda Impex (UK Ltd) in Nigeria, as well as Labh Singh Gill, Labh Universal, Pradeep Menon, Shivshanker Pre Nair and Pradeep S Nair in the UK and Mandeep S Sandhu in the US.

The UK and Indonesia account for a significant number of debarred entities, while a number of entities debarred are from Sweden, Nigeria and the US.